IMF Raises Peru’s Growth in 2018 to 4%

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The International Monetary Fund believes that the increase is productive activity in Peru this year will have one of the best yields in Latin America in 2018 and 2019.

The International Monetary Fund (FMI) raised Peru from 3.8% to 4% in its projection of Peru’s gross product expansion this year, according to its report Perspectives of World Economy: January 2018.

In October, the FMI maintained Peru’s gross product in 3.8% for 2018, in relation to their previous report from July that year. Nevertheless, due to the growth that the country has experienced in 2017’s second semester, the FMI considered a greater expansion of the internal demand that will boost the economy to about 4%.

“Exports are still vigorous, but their contribution would be less than they have been in the last two years, taking into consideration that the new mining projects have practically reached their production capacity in 2017”, indicated the IMF about Peru, according to El Peruano.

Likewise, the multilateral entity envisaged an increase of 4% in Peruvian productive activity by 2019, which would have one of the best yields in Latin America in 2018 and 2019.

FMI also believes that Latin America and the Caribbean’s economy will register an expansion of 1.9% by the end of the year, and an advance of 2.6% in 2019.

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(Cover Photo Wikimedia Commons)

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Ermelinda Maglione

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.